Financial Conduct Authority probes use of stock market roof
City regulators are probing the owner of the London stock market – over access to its roof.
Only London Stock Exchange Group (LSEG), which operates the London Stock Exchange, can use the rooftop of its building for radio equipment used for high-speed connectivity.
The Financial Conduct Authority (FCA) said other trading groups were unable to install equipment, blocking out alternatives for high-speed connections.
Probe: Only London Stock Exchange Group, which operates the London Stock Exchange, can use the rooftop of its building for radio equipment
The FCA has provisionally accepted a proposal from LSEG and the landlord of its data centre building to share the rooftop.
The FCA has not reached a decision on whether competition law had been broken.
LSEG has not been the subject of any infringement decision, a spokesman said.
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